'Extraordinary' Level of Uncertainty in Markets, BlackRock's Rieder Says

BlackRock global fixed income CIO Rick Rieder said geopolitical risks have produced a period of stasis in markets. Expect muted risk-taking, subdued flows and range-bound yields until geopolitical clarity emerges. Portfolio managers should position for limited near-term catalysts and continue to monitor geopolitical developments for potential shifts in volatility and liquidity.

Analysis

BlackRock global fixed income CIO Rick Rieder said geopolitical risks have produced a period of stasis in markets. Expect muted risk-taking, subdued flows and range-bound yields until geopolitical clarity emerges. Portfolio managers should position for limited near-term catalysts and continue to monitor geopolitical developments for potential shifts in volatility and liquidity.